savings

While India’s union budget 2023 was hailed for explicitly enticing people to spend more money, the overall current global government policies too continue to adhere to this spending-over-saving paradigm that Keynesian economics pioneered. 

The article is an investigation into prevailing drivers of economic growth in India generally and Bihar specifically, and the possible effect on demand and growth of introducing a form of Universal Basic Income-- Direct Cash Transfer to PMJDY accounts of low-income Individuals.